After a 2-Year Pursuit, Charter Finally Lands Time Warner Cable

$55 billion deal will make it the No. 2 U.S. cable company

Just one month after its merger with Comcast officially flatlined, Time Warner Cable is on the move again. Charter Communications announced today that it had reached a $55 billion cash-and-stock deal to acquire the country's second-largest cable operator.

For Charter, which is backed by Liberty Media chairman John Malone, today's news is the culmination of its two-year quest to land Time Warner Cable, which included several rejected offers in 2013 and a hostile takeover bid last year. 

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